Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Atkore Inc.
On March 18, 2025, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, announced the filing of a class action lawsuit against Atkore Inc. (Atkore or the Company) (NYSE: ATKR) and certain of its officers. The lawsuit alleges that the Company and its executives violated federal securities laws, affecting all persons and entities who purchased or otherwise acquired Atkore securities between August 2, 2022, and February 3, 2025.
Class Period and Securities Allegedly Involved
The class definition for this lawsuit covers the period from August 2, 2022, to February 3, 2025. During this time, Atkore securities were publicly traded on the New York Stock Exchange under the symbol ATKR.
Alleged Violations
The complaint alleges that Atkore and its executives made false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, the lawsuit alleges that the defendants failed to disclose material information concerning the Company’s revenue growth and earnings, leading investors to purchase Atkore securities at artificially inflated prices.
Implications for Individual Investors
If the allegations in the lawsuit are proven, individual investors who purchased Atkore securities during the Class Period may be eligible to recover their losses. The exact amount of damages will depend on the outcome of the case, which could take several years to resolve. It is important for investors to consult with their financial advisors and legal counsel to determine their eligibility and potential recovery.
Global Impact
The filing of this class action lawsuit against Atkore could have significant implications beyond the immediate impact on the Company and its shareholders. It may also affect the confidence of investors in the overall stability and reliability of financial reporting by publicly traded companies. In addition, it could lead to increased scrutiny of the Company’s industry and potential regulatory action.
Conclusion
The filing of a class action lawsuit against Atkore Inc. by Bronstein, Gewirtz & Grossman, LLC, alleging securities law violations, has far-reaching implications for the Company, its shareholders, and the broader financial markets. The lawsuit covers the period from August 2, 2022, to February 3, 2025, and alleges that Atkore and its executives made false and misleading statements regarding the Company’s financial condition and business prospects. If the allegations are proven, investors who purchased Atkore securities during the Class Period may be eligible to recover their losses. The outcome of this case could have significant implications for investor confidence and potential regulatory action.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Atkore Inc.
- Class Period: August 2, 2022 – February 3, 2025
- Alleged securities law violations
- Potential impact on individual investors and financial markets
